R&R Consulting principal Sylvain Raynes is quoted in a ground-breaking expose by McClatchy Newspapers on how Moody's compromised the integrity of its credit ratings: "As the housing market collapsed in late 2007, Moody's Investors Service, whose investment ratings were widely trusted, responded by purging analysts and...
Business bloger Yael Bizouati interviewed R&R's Sylvain Raynes about former Moody's analyst Eric Kolchinsky's testimony on ratings-firm reform before the House Committee on Oversight and Government Reform. Raynes says Moody's should be "put out of its misery" for its "pattern of fraud," and describes a...
"In the late '90s, research and development at Moody's slowed right down," says [Ann] Rutledge. "The banks caught up. And then they came to be the ones in the lead." As the structured finance arms race accelerated, Moody's and its peers became more passive participants....
R&R's Sylvain Raynes is quoted in a New York Times article regarding disciplinary action by Moody’s against employees alleged to have violated the company's code of conduct in rating European securities. Article excerpt: "Already under intense scrutiny for its role in the credit crisis, the Moody's Corporation...
The high road of securitization is forward-looking. It promotes economic growth and rewards superior asset quality. Securitization is alive and doing well in grass-roots economies. But maybe you have not come to our blog to read about the high road of securitization. Maybe you have...
The last entry in this journal was rather pessimistic. In it, we recounted what was likely to happen from the Fed’s irresponsible attitude towards cutting interest rates without a workable plan in mind about what to do next. Our verdict was that nothing good was...